FL ARCHIVED February 2017 | Page 201

Market Action Report February 2017
Community Information | School District
Market Action Report February 2017

City : Destin

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 588,950
3 %
12 %
Average List Price of all Current Listings
$ 800,404
4 %
13 %
February Median Sales Price
$ 350,000
-14% -3%
9 %
-1%
$ 362,350
18 %
2 %
February Average Sales Price
$ 445,898
-22% -9% -23%
-8%
$ 510,199
-9%
5 %
Total Properties Currently for Sale ( Inventory )
612
-4%
-25%
February Number of Properties Sold
71
-3%
27 %
144
43 %
February Average Days on Market ( Solds )
121
-8%
-3% -22% -14%
126
-20%
-10%
Asking Price per Square Foot ( based on New Listings )
$ 291
7 %
4 %
13 %
5 %
$ 282
4 %
2 %
February Sold Price per Square Foot
$ 248
-12% -3%
-4%
0 %
$ 265
4 %
7 %
February Month ' s Supply of Inventory
8.6
-2%
4 %
-41% -18%
8.7
-48%
-17%
February Sale Price vs List Price Ratio
92.4 %
-. 6 % -. 6 % 2.6 %
-. 5 %
92.7 %
2 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
February Property sales were 71 , up 26.8 % from 56 in February
of 2016 and 2.7 % lower than the 73 sales last month . February
Property
2017 sales Sales were at their highest level compared to February of
120
100
February
2016 and Property 2015 . February sales were YTD 71 , up sales 26.8 of % 144 from are 56 running February 42.6 % of ahead 2016 and of last 2.7 year % lower ' s year-to-date than the 73 sales of last 101 month . . February
100
2017 sales were at their highest level compared to February of
80
2016 and 2015 . February YTD sales of 144 are running 42.6 % ahead of last year ' s year-to-date sales of 101 .
80
60
60
40
40 20
Number of Properties Sold
20
0
M
A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F
0
14
15
16
17
Prices
The Median Sales Price in February was $ 350,000 , up 9.4 %
Prices from $ 320,000 in February of 2016 and down 14.1 % from
The
$ 407,500 Median last Sales month Price . in The February Average was Sales $ 350,000 Price , in up February 9.4 % was
600 from
$ 445,898 $ 320,000 , down in February 22.6 % from of 2016 $ 575,753 and down in February 14.1 % from of 2016 and
$ down 407,500 22.1 last % month from $ . 572,739 The Average last month Sales Price . February in February 2017 was ASP was
550
M
A M J
14
600
550
500
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ at 445,898 a mid , range down compared 22.6 % from to $ February 575,753 in of February 2016 and of 2016 2015 . and down 22.1 % from $ 572,739 last month . February 2017 ASP was
500
450
at a mid range compared to February of 2016 and 2015 .
450
400
400 350
350 300

Destin

63 89
Agent Name
93
Title Phone Website Other

Community Information | School District

84 89 77
63 89 93 84 89 77 92 80 55 83 59 62 104 86 84 103 72 92 77 61 56 68 45 56 92 84 94 85 69 108 81 79 77 89 73 71
300 250 250
M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
M A
14 M J J A S O N D J F M
15 A M J J A S O N D J F M
16 A M J J A S O N D J F
17
14 15
16 17
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 612 , of down Properties 4.4 % from available 640 for last sale month as of and down 1,200
20.0
February 25.1 % from was 817 612 , in down February 4.4 % from of last 640 year last . February month and 2017 down 1,200 20.0
1,000 25.1 Inventory % from 817 was in at February its lowest of level last year compared . February with 2017 February of 1,000
15.0
Inventory 2016 and was 2015 at . its lowest level compared with February of 800
15.0
2016 and 2015 . 800
600 10.0
600
10.0
A comparatively lower MSI is more beneficial for sellers while a 400 A comparatively lower MSI is more beneficial for sellers while a 400 higher MSI is better for buyers . The February 2017 MSI of 8.6
5.0 higher MSI is better for buyers . The February 2017 MSI of 8.6 200
5.0 months was at its lowest level compared with February of 2016 200 months and 2015 was . at its lowest level compared with February of 2016
0 0.0 and 2015 . 0
0.0 M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F
M A J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F 14
15 16
17 14
15 16
17
92 80 55 83
1,006 999 999 977 985 958 953 941 919 890 874 879 894
59
Number of Properties Sold
1,006 999 999 977 985 958 953 941 919 890 874 879 894 888 885 884 901 904 919 899 877 852
62 104 86 84 103 72 92 77 61
888 885 884 901 904 919 899 877 852 841 817 844 844 818 834 798 772 755 759 733 673
56 68 45 56 92 84 94 85 69 108
3 Mo Avg
81
841 817 844 844 818 834 798 772 755 759 733
640 612
79 77 89
673 640 612
3 Mo Avg
73
71
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Ass does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .
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